The Swiss food giant's CEO Mark Schneider said Nestle had not seen any impact from weight-loss drugs such as Novo Nordisk's game-changing Wegovy on sales so far, but was preparing
Candy company working on products for people on weight-loss drugs. Company shares fell this month, possibly due to a pullback in food consumption. READ MORE:If you're trying to lose weight, you're unlikely to reach for a Kit-Kat.
Kit-Kat maker Nestle has started to work on a new range of products for people who might be on weight-loss drugs to ensure the company doesn't lose out if people start cutting calories Globally, Nestle's biggest businesses are coffee and pet care, while frozen food, confectionary and ice cream make up 15 percent of sales.Wegovy, originally for the treatment of diabetes but since approved for weight loss, reduces cravings and makes people feel fuller longer - leading them to eat less. It has been shown to help patients reduce body weight by around 15 percent when used along with exercise and lifestyle changes.
Recent analysis suggests as many as 15 percent of Americans - around 150 million people - have now tried the drugs.
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